Exceptional development site with fully RTI plans for a 40-bedroom, 40-bathroom co-living duplex plus attached ADU, totaling 12,083 sq. ft. across three separate addresses. Situated on a 6,411 sq. ft. lot with alley access, this project is located within an Opportunity Zone (LARD2 zoning), offering significant tax advantages for investors.… Read More The property's design, created by one of the leading architects in the co-living sector with an extensive track record of completed projects, maximizes the allowable buildable square footage. Each unit features its own kitchen and laundry hookups, with a total of 3 kitchens, 3 laundry areas, and multiple shared living spaces. Bedrooms are thoughtfully designed at approximately 12' x 12.9, each with a private bath. The ADU includes ADA-compliant bathrooms and slightly smaller bedrooms, making the property fully inclusive.Located less than a mile from USC, the Metro E-Line, and Exposition Park, this site is ideally positioned to capture strong rental demand. With Padsplit (the Airbnb of co-living) recently entering the LA market, the timing for co-living development is prime.A turnkey opportunity for contractors, builders, and investors to capitalize on the growing demand for modern, affordable co-living housing in Los Angeles. Rental price for each bedroom is approximately $1,250/Month, which is $50,000/Month at 100% full occupancy. Read Less
Property listed by Keller Williams Hollywood Hills, Davis Saadian 310-623-1300
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
40
Full Baths
40
Square Ft.
12,083
Lot Size
0.15 Acres
MLS Number
25595607
30 Days Snapshot Of 90062
$826k
-7%
(avg) sold price
6
-40%
homes sold
134
+135%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building area total: 12,083, Levels: MultiSplit, Living area: 12083, Architectural style: SeeRemarks, Common walls: NoCommonWalls
Laundry
SeeRemarks
Lot
0.1472 acres, 6,411 square feet, Size: 6,411
Parking
None
Pool
None
Property
Zoning: LARD2, CityLights
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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